Chapter 25 - THE TRUST IS REPAIRED
Westbridge accepted its share of blame.
Weak verification.
Overreliance on repeated family instructions.
Failure to independently confirm unusual cross-branch transactions.
Its insurer restored part of the losses.
Grant and Lisa restitution restored more.
Their future distributions were offset.
My branch received investment adjustments.
Total restored value:
$176,000 in unauthorized transfers and costs.
The large credit-line exposure was removed before my branch suffered the full loss.
Important.
Owen’s seventh birthday came during litigation.
His subtrust activated.
Projected beneficial value:
$2.2 million.
Professionally managed.
Education.
Health.
Future housing support.
No seven-year-old millionaire lifestyle.
We celebrated with pizza.
May you like
He had no idea a trust review occurred that morning.
Good.
